Overview

• The S&P 500 and Dow Jones closed at all-time highs, up about 0.3% and 0.1%, as the Nasdaq gained roughly 0.4%.
• A Republican-backed funding bill fell short of the 60 votes needed in the Senate, failing 55–45 and triggering the partial shutdown.
• The stoppage may delay key economic releases, including the September nonfarm payrolls report, and could temporarily furlough about 750,000 federal workers, according to the CBO.
• U.S. Treasury yields declined as traders increased expectations for additional Federal Reserve rate cuts following the weak private payrolls reading.
• Analysts signaled the market impact may be limited for now, while corporate moves included Nike shares jumping about 6.4% after better-than-expected quarterly results.